Hotel Owner

APRIL 11, 2024

To maintain competitiveness in the contemporary hospitality sector, it is not merely advisable to invest in search and metasearch advertising campaigns; it is essential to do so in a professional, performance-oriented manner, optimising investments and accurately allocating budgets.

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Budgeting Book Reservations Marketing 52

Xotels

AUGUST 15, 2022

How far are you with your targets, budget, and plan of attack for next year? Did you make your new hotel budget already or are you right in the middle? Now is the time to take action to build your hotel budget plan! Hotel Budgets: Where it All Starts… The basis of the target or budget lies in a detailed demand calendar.

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Budgeting Marketing Blog Accounting 59

Modern Restaurant Management

OCTOBER 20, 2023

2023 brought new challenges to the table for the restaurant industry, from rising food prices due to inflation to continued disruptions in the supply chain. Unfortunately, the traditional marketing tech stack that restaurants have long relied on is outdated, overpriced and ineffective in today’s digital ecosystem.

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Revenue Hub

AUGUST 10, 2023

Budget concerns driven by rising inflation can affect leisure traveler’s plans – but the right strategy can help to ease those concerns. In this article, we will use insights from the survey to identify ways hoteliers can make a positive impact in easing traveler budget concerns. Consider the location and views of each room.

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Budgeting Pricing Article Catering 81

Boutique Hotel News

JANUARY 16, 2023

[SPONSORED CONTENT] Cvent highlights some key findings from its latest Travel Manager Report and how venues can best capture demand in 2023. According to the new Cvent Travel Manager Report: Europe Edition December 2022 , corporate travel managers seek value, sustainability, and cost-cutting opportunities in 2023. Supplier takeaway.

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Budgeting Download Events Pricing 130

InnQuest

JULY 10, 2023

Wondering how to map out the perfect hotel market segmentation strategy that keeps your hospitality business ahead of the curve? As markets continue to prioritize brands that cater to individual preferences the best, every business’s success depends on how well it offers personalized experiences to end-users.

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Marketing Catering Budgeting Pricing 130

Revenue Hub

DECEMBER 15, 2022

Is your 2023 hotel marketing budget a little leaner than you’d like? Or, are you looking to refine your approach and experiment with more targeted offers directed at specific age groups in 2023? NB: This is an article from 80 Days. THE MATURE DEMOGRAPHIC.

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Marketing Accounting Book Article 85

Revenue Hub

NOVEMBER 15, 2022

If your hotel is not currently considering including new technology in the 2023 budget, below are 5 things you may wish to consider – plus an added bonus: 1 reason NOT to adopt new technology. 2023 is time to do less with more. Of course, the level of expectation will vary hugely depending on the guest, market and hotel.

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Budgeting Guest Satisfaction Article Document 52

Modern Restaurant Management

APRIL 10, 2024

According to September 2023 numbers from the National Restaurant Association , 49 percent of restaurants reported year-over-year increases in same-store sales. economy demonstrated resilience in 2023—with GDP, employment rates and consumer spending remaining relatively stable or even growing. Coffee in 2023.

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POS Systems Back Office Operations Pricing Budgeting 196

Hotel Owner

FEBRUARY 19, 2024

The luxury market in the UK hotel sector witnessed a spike in room rates and profits at the end of 2023, according to the RSM Hotels Tracker: Focus on Asset Classes. The increase in the middle market and budget hotels was less stark, from £132.96 RSM found that average room rates of UK luxury hotels jumped from £320.74

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Marketing Budgeting 52

Modern Restaurant Management

FEBRUARY 1, 2023

And in 2023, that’s the problem most hiring managers in the restaurant industry are facing. Traditional job advertising allows you to have a fixed budget while using old job data to inform decisions as to where to post your jobs. And knowing where to market may be what sets your hiring apart from your competition.

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Budgeting Training Scheduling Pricing 189

Modern Restaurant Management

MARCH 23, 2023

But in 2023, month-over-month trend lines have evened out. percent YOY) was the top-performing QSR channel in February 2023. Yet QSRs are slowing down price increases to meet tightening budgets. A week ago, we lauded a flat line (on a graph, that is). Now that Silicon Valley Bank has “flatlined,” will QSRs suffer?

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Marketing Pricing Budgeting 173

Hotel Owner

OCTOBER 19, 2023

A major budget hotel in Belfast has been brought to the market for sale for offers of more than £7.175m. By May 2023, the revenue per available room in Belfast was up 52 per cent against the same period during 2019 showcasing the growth in this sector.

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Marketing Budgeting Presentation Training 98

Modern Restaurant Management

DECEMBER 21, 2022

Modern Restaurant Management (MRM) magazine asked experts for their thoughts on trends and challenges that will affect the restaurant industry in 2023. In 2023, we can anticipate businesses really focusing in on value and doing what they can to attract and retain both employees and guests. For part one, click here.

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POS Systems Pricing Front of House Marketing 197

InnQuest

AUGUST 3, 2023

To read a comprehensive guide to hotel market segmentation, click here. Baseline client expectations should be documented and explicitly communicated to your whole staff and in all marketing materials. What Factors Affect Guest Satisfaction? Conclusion According to J.D

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Guest Satisfaction Book Document Blog 217

Hotel Owner

OCTOBER 17, 2023

The luxury hotel market has been the driving force behind the hotel industry’s recovery this summer, with record room rates and a boost to RevPAR across the UK, according to RSM. In the same period, rates of middle market hotels were £149.76 for budget hotels. in August) and budget hotels (£48.44 to £101.49 in August).

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Budgeting Marketing Pricing 98

The Restaurant Times

NOVEMBER 17, 2022

The market has changed regarding what people spend their money on in recent years. To have a successful endeavor, however, you must heavily implement extreme and exceptional marketing efforts to start and end your pop-up with a splash. . How To Successfully Do Pop-up Marketing. Start Marketing at Least 7 Months in Advance.

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Marketing Events Customer Service Budgeting 52

Hotel Owner

NOVEMBER 30, 2022

Oliver Brown, the general manager of Wivenhoe House Hotel, said: “In 2023, hoteliers will be expected to build their business strategy on conscious decision-making behind the scenes. The American market in particular is looking healthier, which we expect to show with bookings in the new year for spring/summer trips.

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Book Housekeeping Marketing Budgeting 105

Hospitality Net

OCTOBER 17, 2023

easyHotel, the low carbon affordable hotel chain, is pleased to announce its trading results for the first half of 2023, delivering positive results as it continues to capitalize on strong market fundamentals in the budget travel segment.

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Budgeting Marketing 40

Hotel Business

NOVEMBER 30, 2023

These new partnerships have enhanced the company’s footprint in key markets and have contributed to overall growth and performance metrics. Guest satisfaction & performance results: HE achieved “exemplary” performance growth in 2023 YTD, significantly surpassing 2019 benchmark levels. Marriott Jr.

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Guest Satisfaction Accounting Training Budgeting 59

Hotel Owner

DECEMBER 22, 2022

Yet, they are more budget conscious than before, with 62% of vacationers seeking more bang for their buck. By tapping into these market trends, incorporating small service differentiators and key messages across marketing efforts, hotels can maximise their potential to increase staycation bookings as flight costs continue to remain high.

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Back of House Book Blog Budgeting 111

Hospitality Net

APRIL 17, 2024

Travelodge, the UK’s first budget hotel brand which operates nearly 600 hotels, today announces record financial results for the year ended 31 December 2023, reporting revenue over £1 billion for the first time and profit significantly ahead of 2022 levels. The business delivered a 13.7% increase in revenue to £1,035.2m

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Budgeting Marketing 73

Hotel Business

JANUARY 4, 2023

Hospitality management platform Cloudbeds has shared its predictions for the five key trends set to shape the hospitality industry in 2023. Cloudbeds predicts travelers will still continue to seek out unique experiences, so even lower-budget properties that can deliver on that will benefit from all the value-seeking travelers next year.

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Book Budgeting Catering Hospitality Management 105

Hotel Owner

OCTOBER 17, 2023

The UK’s luxury hotel market has been driving the hotel industry’s recovery, with record room rates and revenue per available room (RevPAR) increasing , according to RSM’s Hotels Tracker. While occupancy levels still lag behind pre-pandemic levels, many consumers are opting for budget hotels, squeezing middle-market options.

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Budgeting Events Reservations Marketing 98

Revenue Hub

MAY 2, 2024

NB: This is an article from TCRM Subscribe to our weekly newsletter and stay up to date This follows on the heels of 1,842 hotel openings in 2022 and approximately 2,480 hotel openings in 2023. in 2023 although Wyndham Group has the most properties. Today, however, the 10 largest groups control a staggering 65% share of U.S.

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Article Pricing Marketing Budgeting 82

Boutique Hotel News

JANUARY 27, 2023

The company, which has €18 billion of assets under management, has committed to reducing embodied and operational CO2 emissions by 30 per cent and 50 per cent respectively before the end of 2023. 2023 is likely to see further political and economic uncertainty which will see winners and losers on the exchange rate see-saw.

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Revenue Hub

MARCH 13, 2024

NB: This is an article from 80 Days Subscribe to our weekly newsletter and stay up to date As travellers increasingly turn to metasearch to plan their trips, 2023 witnessed record-breaking performance for our metasearch advertising clients. million in revenue for our clients in 2023, representing a 24% year-on-year (YoY) increase.

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Book Article Budgeting Marketing 95

Revenue Hub

FEBRUARY 16, 2023

Last week, in “Hotel Marketing in a Down Economy,” we shared some important hotel booking pattern signals, what history has taught us about navigating a challenging economy, and how properties can come out stronger on the other side. Online Travel Agent sites (OTAs) compete heavily on these channels to steal market share. decrease YoY.

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Marketing Book Article Budgeting 83

Hotel Owner

AUGUST 22, 2023

EasyHotel has reported a rise in occupancy levels in 2023 in light of multiple sports events across Europe. According to the budget hotel chain, the most significant boost to occupancy levels came from the FA Cup match between Manchester City and Arsenal in January 2023, where a 117% surge in occupancy was recorded against the prior year.

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Events Budgeting Marketing 96

Revenue Hub

FEBRUARY 15, 2023

However, limited budgets will force many to adjust travel plans and reduce overall holiday spend. It’s the only way to develop the agile practices you need to detect, understand and quickly react to trends and market changes. Focus on market segments and distribution channels that continue to drive revenue.

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Article Budgeting Reservations Communication 86

Revenue Hub

APRIL 21, 2023

Subscribe to our weekly newsletter and stay up to date New startups were popping up like mushrooms and building mobile apps that were very quick to market, causing hotels to surf the “contactless anything” wave a bit like it was Y2K.

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Article Budgeting Marketing 81

STAAH

NOVEMBER 15, 2022

Modern travellers are redefining what hospitality looks like in 2023 and beyond. Expect budget-conscious guests to walk through the doors in 2023, possibly beyond. What do these travel trends mean for hotel marketing? Goodbye bland travel experiences. Hello “culture shock”. Focus on customer experience.

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Book Budgeting Marketing 84

Hospitality Net

NOVEMBER 7, 2023

Cvent, a market-leading meetings, events and hospitality technology provider, has published the latest instalment of the Cvent Planner Sourcing Report: Europe Edition October 2023.

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Events Budgeting Marketing 75

Hotel Business

NOVEMBER 9, 2022

The 2023 budget season is upon us, and hotel owners are continuing to search for ways to increase profitability while reducing operational risks. Capital expenditures should aim to protect market share and enhance property value. Guest expectations are at an all-time high.

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Guest Satisfaction Budgeting Back of House Housekeeping 52

Revenue Hub

JUNE 12, 2023

The uptake of cutting-edge technologies might have also been affected by challenges in the hotel sector, such as limited IT budgets or difficulties in measuring return on investment (ROI) in technology. Chatbots offer an outstanding opportunity to integrate AI into customer-facing solutions and unlock its sales and marketing potential.

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Marketing Back Office Operations Book Budgeting 52

Hotel Owner

OCTOBER 16, 2023

Budget operator EasyHotel has revealed its revenues more than doubled in the first half of the year. With a promising pipeline of developments including two imminent opportunities, EasyHotel aims to double its portfolio by 2027, reinforcing its presence in key markets and capitalising upon the “strong easy brand awareness” throughout Europe.

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Budgeting Marketing 94

Hospitality Net

JULY 26, 2023

The return of volume from the depths of the pandemic is forecast to return to 80% in 2023 according to Global Business Travel Association data.

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